Colombia has a long-standing relationship with the World Bank that started in 1946 when the country signed the IBRD Articles of Agreement. During the early years of the World Bank, which was founded in 1945, Colombia served as a main strategic partner when the focus of the institution shifted from the reconstruction of Europe to assisting the development in poor countries. The subsequent cooperation between the World Bank and the country has led to a variety of different projects being implemented. As of November 2018 there has been to a total of over 280 projects, of which 20 are presently active, in an array of sectors such as assistance of the central government, the sub-national government and social protection. The current active commitment amount is US$2.3 billion.